Trust & Clearing Corporation (DTCC) announced today that BNP Paribas and JP Morgan have joined the automated Tri-Party work flow corresponding to CTM, which rationalize trade communications between the Risk Risk Funds, Prime Brokers and executors.
CTM’s work flow brings even greater levels of efficiency in world markets,
Today, many prime brokers often receive commercial details from mutual risk funds in different forms and at different times that can be expanded to T+1, causing delays in post -trade. CTM’s Tri-Party matching capabilities standardize and automate the delivery of the Risk compensation files to primary brokers, ensuring timely communication of commercial details and allowing a seamless and effective commercial processing flow.
Specifically, the workflow uses the automated central CTM match functionality, providing Prime Brokers a gold copy of the transactions details when a trading race between a hedge fund and a broker execution, allowing standardization and automation in real -time processing process. Both businesses have signed to become alive until the end of 2025.
“We are excited to have BNP Paribas and JP Morgan adopting CTM’s Tri-Party work as a primary brokers,” said Val Wotton, DTCC’s chief executive and the world leader of the stock. “This is a key step in further automating and accelerating the settlement processes and we expect that it will significantly enhance automation for the primary brokers in EMEA and worldwide, as the additional transition of financial markets to a T+1 settlement cycle.”
The workflow:
- Sync the automation of commercial communication with all first brokers
- Provides automated commercial notifications in real -time
- Identifies Prime Broker recipients smart through the SSI Golden Source database
- Increases the use of PSET match through CTM to reduce the risk of settlement
- It enriches CTM transactions with SSIS alert, offering improved transparency in settlement instructions
- It supplies a gold copy of the commercially pre-dispatched by the hedge fund and the broker execution.
“The involvement of the DTCC CTM Tri-Party that fits the workflow as a primary broker is in line with BNP Paribas’ continued commitment to provide the best classroom experience for our customers,” said Wayne Howard, head of Prime Brokerage Operations Services. “This solution will allow us to further enhance processing after trade as we work to provide support for T+1 settlement in all markets.”
“DTCC’s initiative to integrate CTM into the Prime Broker environment will allow our teams to optimize post -trade procedures, emphasizing accuracy and speed, which will lead to efficiency for our customers,” said Anthony Fraser, head of Business Business. “As a customer -based business, we are committed to supporting innovative solutions that enhance customer experience and maintain the quality of our services on a scale.”
CTM is the DTCC Institutional Trade Processing Central Match Service for cross -border and domestic transactions in multiple categories of assets. Today, there are 6,000+ customers in more than 89 countries using CTM to rationalize work flows.